As a key supplier to this industry, we
are pleased to have the exposure this order should generate for DMC and its
specialized products.09 per
diluted share.12 per diluted share, in 2003.0 million, a 60% increase versus the $0.

Note on Spin Forge Divestiture
As previously reported, DMC divested its Spin Forge Division on September
17, 2004, under a transaction that included the subleasing of the Spin Forge
real estate.09) (0.28) (0.

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81 per
diluted share, from $1.3 million, or $0.6 million reported in the fourth
quarter of 2003.

About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company.41 $(0.12)

WEIGHTED AVERAGE
NUMBER OF SHARES
OUTSTANDING -
Basic 5,207,765 5,073,378 5 ,134,540 5,067,324
Diluted 5,689,495 5,073,378 5,484,045 5,310,806

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"New Caledonia is believed to hold a substantial portion of the world's
nickel resources, and hydrometallurgy represents an increasingly important
part of the nickel production process.11 per diluted share, in the comparable period of 2003. The net loss in the 2003 fourth quarter
included a loss from discontinued operations of $0.2 million from $13,218 in the prior-year fourth quarter.

General manufacturing services.

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41 per diluted share, versus a net loss of $0.

Explosive Metalworking Group
Sales at the Company's Explosive Metalworking Group increased 131% to a
quarterly record $19."
Cariou said that during fiscal 2005, management intends to commit
approximately $2.

DYNAMIC MATERIALS CORPORATION + SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in Thousands, Except Per Share Data)
(unaudited)

Three months ended Twelve months ended
December 31, December 31,
2004 2003 2004 2003


NET SALES 20,026 8,849 54,165 35,779
COST OF PRODUCTS SOLD 14,773 6,785 40,559 26,802
Gross profit 5,253 2,064 13,606 8,977
COSTS AND EXPENSES:
General and
administrative
expenses 1,233 764 3,335 2,645
Selling expenses 912 830 3,383 3,016

Total costs and
expenses 2,145 1,594 6,718 5,661

INCOME FROM OPERATIONS
OF CONTINUING
OPERATIONS 3,108 470 6,888 3,316

OTHER INCOME (EXPENSE):
Other income
(expense), net 5 (3) 7 (19)
Interest expense (203) (121) (554) (518)
Interest income 5 7 23 9


INCOME BEFORE INCOME
TAXES AND
DISCONTINUED
OPERATIONS 2,915 353 6,364 2,788

INCOME TAX PROVISION 619 436 1,961 1,504

INCOME (LOSS) FROM
CONTINUING OPERATIONS 2,296 (83) 4,403 1,284

DISCONTINUED OPERATIONS:
Loss from operations
of discontinued
operations, net
of tax benefit -- (496) (783) (1,283)
Loss on sale of
discontinued
operations, net
of tax benefit -- -- (787) (710)

Loss from
discontinued
operations -- (496) (1,570) (1,993)

NET INCOME (LOSS) 2,296 (579) 2,833 (709)

INCOME (LOSS) PER
SHARE - BASIC:
Continuing operations $0.

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Dynamic Materials Receives Order Valued at More Than $5.3 Million for Work on Nickel Hydrometallurgy Project in New Caledonia

, Dynamic Materials
Corporation (DMC) (Nasdaq: BOOM), one of the world's leading providers of
explosion -bonded clad metal plates and other advanced metal fabrications,
today announced it has received an order valued at more than $5.7 million, or $0.3 million of the Group's fourth quarter
sales were attributable to a $5. This compares with a backlog of $25. The Company continues to hold an option to purchase the Spin Forge
real estate for $2.02) $0.25
Discontinued operations -- (0.

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In an effort to optimize production efficiencies and meet customer
delivery requirements, DMC will utilize manufacturing capacity at its plants
in both Mount Braddock, Pa.

Dynamic Materials Reports Record Fourth Quarter and Full-Year Financial Results

2 million in the fourth
quarter of 2003.5 million nickel hydrometallurgy project in
Australia. The Company expects to recognize the final $0.
Full-year sales at AMK were $2. The decline in
operating income was primarily attributable to a reduction in development work
on ground-based turbines, and an increase in operating expenses. One of the
division's key customers will initiate full-scale production of the previously
mentioned ground-based turbines, and demand for commercial aircraft
engines -- an important market for AMK -- continues to improve. We are very focused on delivering
high-quality, reliable products on time and on budget.14)

INCOME (LOSS) PER
SHARE - DILUTED:
Continuing operations $0.53 $(0.

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Except for the historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties
including , but not limited to, the following: the ability to obtain new
contracts at attractive prices; the size and timing of customer orders;
fluctuations in customer demand; competitive factors; the timely completion of
contracts; the timing and size of expenditures; the timely receipt of
government approvals and permits; the adequacy of local labor supplies at the
Company's facilities; the availability and cost of funds; and general economic
conditions, both domestically and abroad; as well as the other risks detailed
from time to time in the Company's SEC reports, including the report on Form
10-K for the year ended December 31, 2003.11 loss in
year-ago period

* Year -over-year income from continuing operations up 243% on 51%
revenue increase

* Backlog at Explosive Metalworking Group grows to a record
$27., Dynamic Materials
Corporation (DMC) (Nasdaq: BOOM), a leading international provider of
explosion-bonded clad metal plates and other metal fabrications, today
announced record sales and earnings results for the fourth quarter and fiscal
year ended December 31, 2004.8 million, or $0. We do expect that the domestic demand in this sector will begin
to moderate during the coming year as we get closer to 2006 compliance
deadline dates. The investments will
nearly double 2004 capital spending, and will allow the Company to more
effectively pursue new growth opportunities.31) (0.02) $0.

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4 million, or $0.28 per
diluted share, related to the Company's September 17, 2004, divestiture of its
Spin Forge Division.0 million versus sales of $8.
For the full fiscal year, Explosive Metalworking Group sales increased 56%
to $51. The increase reflects
management's efforts to leverage revenue growth and is indicative of a more
favorable absorption of both fixed manufacturing overhead expenses and
operating expenses."
Cariou added, "Our recent performance also reflects the strong reputation
we have established with our domestic and international customer base in our
core explosion welding business. However, despite
reporting record fourth quarter shipments, our order backlog at the end of the
year was at an all-time high.

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8 million in 2003.53 per diluted share, versus a net loss of
$0.3 million versus $0. It has been determined that the accounting treatment of the Spin
Forge real estate lease should have been changed to capital lease accounting
in 2003 due to an increase in the value of the underlying property.55 $(0.

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"

About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company.0 million

* Company reports fourth quarter EPS of $0.6 million versus $2.7 million at the end of 2003.4 million to capital improvements and expansion programs at
its Mt . Additional detail related to this balance sheet
restatement will be available in the Company's Form 10-K, which will be filed
with the Securities and Exchange Commission in March.

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Its products include explosion-bonded
clad metal plates and other metal fabrications for use in petrochemical ,
chemical processing, power generation, commercial aircraft, defense and a
variety of other industries .5 million, or $0. Group operating income
increased to $2.

AMK Welding
The Company 's AMK Welding division reported fourth quarter sales of
$1. Braddock, Nobelclad and AMK Welding operations .9 million and an offsetting capital lease
obligation of the same amount under the assets and liabilities of discontinued
operations.44 $(0.11) $0.25
Discontinued operations -- (0.

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3 million, or $0.8 million versus $2. There will be no impact on the Company's historical income
statements.dynamicmaterials.

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Order Represents One of the Largest in DMC's History

BOULDER, Colo. AMK's fourth quarter operating income increased to
$0. As a result of this
commitment, we have become the dominant clad supplier to many of the
industries we serve .

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0 million from $8.2 million from $35.9 million in 2003.5 million.9 million that can be exercised between November 1, 2006
and January 31, 2007.81 $0.

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Fourth quarter sales increased 126% to $20.6 million associated
with the project during the first quarter of 2005. Its products include explosion-bonded
clad metal plates and other metal fabrications for use in petrochemical,
chemical processing, power generation, commercial aircraft, defense and a
variety of other industries.com .

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For more
information, visit the Company's website at http://www.41 versus $0.7 million loss on the sale of PMP, which was recorded in the third quarter
of 2003.44 $(0.11) $0.

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4 million from $33. Management
said that while it anticipates relatively slow first quarter sales at AMK,
prospects for the balance of the year and beyond appear good.

Management Commentary
Yvon Cariou, president and CEO, stated, "Our strong 2004 financial results
are indicative of robust project activity within several of our target
markets, including petrochemical, refining, hydrometallurgy , aluminum smelting
and shipbuilding. Domestic demand within the refinery industry has been
especially strong, due in part to customer compliance with new clean fuels
regulations.

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Shipments are expected to
begin during this year's third quarter and most of the order is expected to
ship by the end of 2005.dynamicmaterials. Fourth quarter
net income was positively impacted by a $0.
Income from continuing operations increased 243% to $4. Net
income was $2.7 million in 2003, and
operating income was $0.

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The Company operates two business segments: the
Explosive Metalworking Group, which uses proprietary explosive processes to
perform metal cladding, and AMK Welding, which utilizes various technologies
to weld components for use in jet engines and ground-based turbines. Net income in 2004 was
impacted by a loss from discontinued operations of $1.6 million, or $0. The Company's 2003 bottom-line performance was impacted
by the combined 2003 operating losses of Spin Forge and the former Precision
Machined Products ("PMP") division, which was sold on October 7, 2003, and a
$0.37)

Net Income (Loss) $0.

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3 million for
work on a nickel hydrometallurgy project in New Caledonia.

Full-year Results
Sales in 2004 advanced 51% to $54.9 million from $0.0 million in 2003. For more
information, visit the Company's website at http://www.86 $0.

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6 million,
or $0. The Company operates two business segments: the
Explosive Metalworking Group , which uses proprietary explosive processes to
perform metal cladding, and AMK Welding, which utilizes various technologies
to weld components for use in jet engines and ground-based turbines.

Except for the historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties
including, but not limited to, the following: the ability to obtain new
contracts at attractive prices; the size and timing of customer orders;
fluctuations in customer demand; competitive factors; the timely completion of
contracts; the timing and size of expenditures; the timely receipt of
government approvals and permits; the adequacy of local labor supplies at the
Company's facilities; the availability and cost of funds; and general economic
conditions , both domestically and abroad; as well as the other risks detailed
from time to time in the Company 's SEC reports, including the report on Form
10-K for the year ended December 31, 2003.

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and Rivesaltes , France.5 million

BOULDER, Colo.
In addition to achieving record fourth quarter shipments , the Explosive
Metalworking Group ended the period with a record order backlog of
$27.39)

Net Income (Loss) $0.41 $(0.

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"This order is indicative of the elevated activity we are witnessing in a
number of international industries we serve," said Yvon Cariou, president and
CEO.8 million in
the fourth quarter of 2003.25 per diluted share, in 2003.5 million in the fourth quarter of 2003.09) (0.

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Highlights:
* Fourth quarter revenue increases 126 % to $20.5 million reduction in income tax
expense relating principally to the recognition of certain research and
development and foreign tax credits. Group operating income increased
131% to $6 .
"Our fourth quarter performance was unusually strong, thanks in part to
our work on the Ravensthorpe nickel project in Australia.
Consequently, the Company will restate its December 31, 2003, balance sheet to
add a capital lease asset of $2.

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com. Net income for the fourth quarter was
$2. Approximately $4.6 million at September 30,
2004, and $11.5 million in 2003. Given this momentum, we obviously are
encouraged by our prospects for continued growth.

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---

- - kjjkjk

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